July 8, 2010
Sales Continue To Climb At TJX
Framingham-based discount retailer The TJX Cos. Inc. reports that its sales rose 7 percent during the five-week period ended July 4, compared with the same period last year.
The company said its sales for the five weeks were $2 billion. Consolidated comparable store sales rose 3 percent.
TJX raised its outlook on earnings per share for the second quarter of fiscal 2011 to between $.70 and $.73, up from $.61 last year. It also raised its earnings-per-share estimate for the full year to between $3.24 and $3.33, up from $2.84 in fiscal 2010.
TJX, which operates discount clothing and home products stores T.J. Maxx, Marshalls, HomeGoods and A.J. Wright, has been cited as one of the few retailers to improve its fortunes during the recession.
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